Public cloud providers present no signal of slowing down, set to hit $236 billion by 2020, in line with report

It is no secret that cloud adoption for the enterprise is a booming enterprise. Mary Meeker’s 2017 Internet Trends report predicted will increase in each personal and public cloud spending, and that it is positioned to catch as much as spending on knowledge facilities, according to TechRepublic’s Conner Forrest.

A current report from Forrester, titled Forrester Data: Cloud Security Solutions Forecast, 2016 To 2021 (Global), helps these claims. In line with the report, international cloud providers revenues have grown by 30% during the last two years, from $sixty eight to $114 billion in 2016—and the report predicts that the general public cloud providers market will attain $236 billion by 2020.

SEE: Learn Cloud Computing From Scratch (TechRepublic Academy)

With elevated spending on cloud providers additionally comes elevated considerations over securing knowledge. Forrester analysis discovered greater than 50% of safety leaders expressing considerations over SaaS, IaaS, PaaS, and virtualization within the knowledge middle. And in accordance with a blog post by Forrester analyst Jennifer Adams, “conventional perimeter-based mostly safety instruments do little to guard cloud workloads.” Additionally, monitoring knowledge throughout a number of cloud platforms and merchandise concurrently is a problem, as is cross-platform safety.

Alongside these strains, Forrester predicts a spike in cloud safety spending over the subsequent 5 years. By 2021, the analysis agency expects cloud safety spending to succeed in $three.5 billion, up from $1 billion in 2016—a progress fee of 28%. The report examined 4 points of cloud safety: Cloud safety gateways; centralized cloud safety administration; hypervisor safety; and native infrastructure-as-a-service/platform-as-a-service safety.

Daniel Kennedy, analysis director of data safety at 451 Analysis, sees an “elevated sophistication within the dealing with of safety surrounding the cloud and a decreasing of general safety supervisor concern in correlation with cloud platform familiarity.” Nonetheless, Kennedy expects progress of “round 21% within the subsequent 12 months, with round 28% of that being allotted to securing hosted options (managed providers, public and hosted personal cloud, SaaS).”

Picture: Forrester

One other necessary piece of Forrester’s report is the position of distributors within the cloud area. Whereas the most important gamers within the cloud—Amazon Net Providers (AWS), Microsoft Azure, Google Cloud, and IBM—proceed to dominate, the report exhibits that cloud safety spending is a primary goal for brand spanking new distributors, citing the truth that greater distributors are “shortly getting into and consolidating the area by way of acquisitions.” Some examples are the acquisition of Perspecsys and Elastica by Blue Coat in 2015, adopted by Symantec’s acquisition of Blue Coat in 2016. Additionally, the acquisition of Voltage by HPE, the acquisition of Adallom (for $320 million) by Microsoft, and Cisco’s buy of CloudLock.

Cloud specialists predict progress within the PaaS realm. “For ten years, cloud corporations targeted on getting corporations to buy IaaS,” stated Maribel Lopez, strategic advisor at Lopez Analysis. “As we speak, cloud suppliers are delivering extra worth within the PaaS space to assist individuals construct new cellular-cloud prepared apps in addition to cybersecurity providers that may assist corporations safe the whole lot from units to community and cloud-resident providers.”

“As corporations put extra knowledge into the cloud,” stated Lopez, “creating a richer set of providers as a option to handle and safe company knowledge has develop into a essential set of options and providers for cloud suppliers. The cybersecurity market is the hardest market to crack however has large alternative.”

Whereas it’s clear that the cloud is displaying indicators of giant progress, it has nonetheless not fairly caught up with using knowledge facilities. Based on a TechRepublic CIO jury, one hundred% of the tech leaders surveyed nonetheless run on-premise knowledge facilities, though many cited plans to maneuver extra providers to the cloud.

The three huge takeaways for TechRepublic readers

  1. New Forrester analysis predicts an enormous progress in cloud spending, forecasting international cloud service income to succeed in $236 billion by 2020.
  2. A rise in cloud spending additionally interprets into a rise in cloud safety options. Forrester predicts cloud safety spending to succeed in $three.5 billion, up from $1 billion in 2016—a progress fee of 28%
  3. New distributors are starting to flock to the cloud, seeing alternatives for being acquired by bigger corporations like Symantec, Cisco, and Microsoft.

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